Know Before You Buy: CARFAX Accident Information Helps Car Buyers Build Confidence

CENTREVILLE, Va., Feb. 23, 2021 /PRNewswire/ — Americans are driving less since COVID restrictions were enacted, and the number of accidents is also down. CARFAX data shows a 24% decrease in the number of accidents in the second half of 2020, compared to the same period in 2019. Because this is car-buying season and Americans are starting to get their tax refunds – it’s important for car shoppers to check for accident history. Damage could reduce the value of a vehicle by thousands of dollars, and…

CENTREVILLE, Va., Feb. 23, 2021 /PRNewswire/ — Americans are driving less since COVID restrictions were enacted, and the number of accidents is also down. CARFAX data shows a 24% decrease in the number of accidents in the second half of 2020, compared to the same period in 2019. Because this is car-buying season and Americans are starting to get their tax refunds – it’s important for car shoppers to check for accident history. Damage could reduce the value of a vehicle by thousands of dollars, and could even put your family’s safety at risk if it wasn’t properly repaired.

CARFAX estimates as many as 40% of vehicles on U.S. roads have sustained damage during their lifetime; that’s about 110 million cars. CARFAX data also shows one in four cars are sold within a year of the incident.  That’s why accident history is the No. 1 thing used-car shoppers look for in a vehicle’s history, and for good reason. The average impact on retail price is about $500, but that average impact on value jumps to more than $1,700 for a vehicle with severe damage in its past. CARFAX has a free valuation tool, History-Based Value, that takes into account vehicle-specific information, such as accidents, to calculate pricing.

Used-car shoppers should remember not all damage events are created equal. Just because a vehicle has an accident or damage event in its history doesn’t mean it’s a bad buy. Doing homework can pay off: Shoppers may save themselves some money by investigating damage severity. A CARFAX Vehicle History Report can not only show you accidents, but most reports also detail where the impact was and how severe the damage was. In addition to a CARFAX Report, we recommend taking any used car you’re considering for a test drive and have it inspected by a trained and independent mechanic. They can spot signs of repairs and make sure they were done properly, and mechanics can see places most shoppers can’t.   

Additional Coverage: https://www.carfax.com/blog/buying-a-used-car-that-has-been-in-an-accident

How to read accident and damage information on a CARFAX Vehicle History Report: https://www.carfax.com/blog/how-to-read-accident-information-on-a-carfax-vehicle-history-report

How to Check for Damage on Used Cars: https://www.carfax.com/blog/how-to-check-for-accident-damage-on-a-used-car

About CARFAX
CARFAX, part of IHS Markit (NYSE: INFO), helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX vehicle history information. The expert in vehicle history since 1984, CARFAX provides exclusive services like CARFAX Used Car Listings, CARFAX Car Care, CARFAX History-Based Value and the flagship CARFAX® Vehicle History Report™ to consumers and the automotive industry. CARFAX owns the world’s largest vehicle history database and is nationally recognized as a top workplace by The Washington Post and Glassdoor.com. Shop, Buy, Service, Sell – Show me the CARFAX™. Based in London, IHS Markit is a world leader in critical information, analytics and solutions.

 

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SOURCE CARFAX

Future Forward: Ford Donates $250K to Detroit Area Pre-College Engineering Program to Accelerate STEM Careers for Underserved Students

DEARBORN, Mich., Feb. 23, 2021 /PRNewswire-PRWeb/ — Too often, underrepresented students simply don’t receive the resources, guidance and level of support needed to aide their pursuit of a successful STEM career. Working in concert with the educational 501(c)3 Detroit Area Pre-College Engineering Program (DAPCEP), Ford is making a concerted effort to eliminate those barriers.

Ford is donating $250,000 to the Detroit Area Pre-College Engineering Program to create a…

DEARBORN, Mich., Feb. 23, 2021 /PRNewswire-PRWeb/ — Too often, underrepresented students simply don’t receive the resources, guidance and level of support needed to aide their pursuit of a successful STEM career. Working in concert with the educational 501(c)3 Detroit Area Pre-College Engineering Program (DAPCEP), Ford is making a concerted effort to eliminate those barriers.

Ford is donating $250,000 to the Detroit Area Pre-College Engineering Program to create a new signature program that encourages high school students to pursue careers in science, technology, engineering and math (STEM). Called «Future Forward,» this program will engage 80 underrepresented students in a series of engineering courses, internships, and mentoring experiences to ensure they gain the aptitude, motivation and preparation needed to pursue successful STEM careers.

«I know from personal experience that young men and women in underserved communities need help overcoming the societal and financial obstacles that can derail even the most ambitious students who have significantly less access to achieving the American Dream,» said Ken Washington, chief technology officer, Ford Motor Company. «As Ford builds the future of mobility, we are building the ladders for a more diverse group of young people to reach their goals while helping us transform the world through programs such as Future Forward with the Detroit Area Prep-College Engineering Program.»

Intended to engage boys and girls in 11th and 12th grade, Future Forward will support students with pre-college preparation courses, mentorship from Ford employees, and the opportunity to apply for summer internships at the company.

«DAPCEP is thrilled to be selected to receive Ford STEM Signature Program funding. Ford has been one of DAPCEP’s founding partners and their decades of support has been vital to our impact in the community,» said DAPCEP Executive Director Michelle Reaves. «According to recent UCLA research, 22 percent of Black students and 29 percent of Latinx students complete a STEM degree within six years. If the pandemic has taught us anything, it’s that the world will need more scientists, engineers and researchers who represent and support underrepresented communities.»

Future Forward was created by Washington’s Research and Innovation Center team that helps organize the company’s wide-ranging STEM efforts, with a focus on expanding its student outreach and making a significant impact on existing educational programs. The group received additional funding in 2021 to expand support for eligible programs that aim to generate a meaningful way for students to experience STEM fields and expand access to underserved communities. In addition to funding, Ford provides program engagement as well as student mentorship.

Established 44 years ago, DAPCEP provides rigorous and inspiring STEM programming to 11,000 pre-Kindergarten through 12th grade students throughout Southeast Michigan each year. With a 50:50 female-male ratio and near 100 percent graduation rate, DAPCEP remains one of the leading organizations for maximizing youth potential. DAPCEP collaborates with a variety of local schools and universities, corporations, community organizations, and public entities. Since their founding, DAPCEP has amassed more than 68,000 alumni, 70 percent of whom have entered STEM careers. Approximately 150 of DAPCEP alumni have worked at Ford.

Climbing ladders to STEM success

Future Forward will be focused on supporting students in three key ways:

  • Building student aptitude in foundational mechanical engineering, computer science, electrical engineering, and engineering design-thinking topics to prepare them for success in post-secondary STEM courses.
  • Increasing student awareness of potential career pathways at Ford and offering students the opportunity to engage with current STEM practitioners.
  • Providing support to high school students from racial and ethnic backgrounds underrepresented in STEM to persist in STEM pathways.

Beginning in February 2021, Future Forward will initiate two separate tracks to serve students. On the first track, the program will select 40 high-achieving 12th grade students to participate in the eight-week «Steps to Success» course, which focuses on topics such as college transition, career awareness and exposure, professional and workplace skills, networking and financial literacy.

As part of this course, students will also be able to apply for the summer internship program at Ford, which will designate 10 spaces for DAPCEP students. Students who are not selected for internships will participate in a robust mentorship program developed in partnership with Ford employees. They will also participate in a pre-year-1 college program consisting of continuing support from DAPCEP and mentorship by Ford employees.

On the second track of the program, beginning February 2021, 40 11th grade students will take part in a series of eight-week academic courses focused on mechanical engineering, computer science and electrical engineering. These courses will help ensure students understand foundational concepts and will be built with input from Ford employees to ensure the curriculum reflects current industry practices.

Students interested in learning more about DAPCEP and the Future Forward program can visit: http://www.dapcep.org/programs/ford-future-forward.

About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford trucks, utility vehicles, and cars – increasingly including electrified versions – and Lincoln luxury vehicles; provides financial services through Ford Motor Credit Company; and is pursuing leadership positions in electrification; mobility solutions, including self-driving services; and connected vehicle services. Ford employs approximately 187,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit corporate.ford.com.

Media Contact

Wes Sherwood, Ford Motor Company, 1-313-573-3530, wsherwoo@ford.com

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SOURCE Ford Motor Company

VegasSlotsOnline News Analysis: How a Pandemic Affected Casino Markets Across the Globe

LAS VEGAS, Feb. 23, 2021 /PRNewswire/ — New VegasSlotsOnline News analysis shows that the world’s casino operators faced serious challenges throughout 2020 in the wake of COVID-19. Key takeaways:

  • Revenue fell 31% for US casinos, 79% in Macau, 33% for Europe land-based gaming
  • Nevada, the home of US gambling, saw 2020 gaming revenue plummet as restrictions took…

LAS VEGAS, Feb. 23, 2021 /PRNewswire/ — New VegasSlotsOnline News analysis shows that the world’s casino operators faced serious challenges throughout 2020 in the wake of COVID-19. Key takeaways:

  • Revenue fell 31% for US casinos, 79% in Macau, 33% for Europe land-based gaming
  • Nevada, the home of US gambling, saw 2020 gaming revenue plummet as restrictions took effect

According to the latest American Gaming Association data, total US commercial gaming revenue fell by 31% for the year, to $30bn. Meanwhile, Macau venues posted total revenue of $7.57bn, showing a staggering 79% year-on-year decline. Overall, the market was down $28.93bn, dwarfing US total losses.

Revenue data from various sources shows that land-based casino revenue loss in the US, Macau, and Europe combined exceeds 50 billion USD in 2020 compared to 2019.

Europe’s operators seemingly fared best out of the three markets, losing an estimated $10.6bn from 2019 levels. Still, EGBA projections for 2020 land-based gaming revenue indicate a considerable 33% year-on-year drop.

Vegas an indicator of US struggles

In Las Vegas, the impact of the March casino closures became evident as Nevada posted its worst full-year GGR since 1996. The Strip saw its worst full month in 27 years last December. Across the US, Pennsylvania gaming revenue fell 22% for 2020, while New Jersey posted a drop of 17%.

There is now hope for a casino market rebound as restrictions gradually lift. Betfred executive Stephen A. Crystal predicts Vegas’s return to growth in under two years, while MGM CEO Bill Hornbuckle anticipates a 90% recovery in resort business by 2022.

Cracks widen in Macau

Despite Macau casinos closing for just two weeks in February 2020, they struggled with border restrictions imposed by COVID-19. The region saw only 250,000 visitors in the month after casinos reopened, down 92% year-on-year. Visitor numbers have remained low.

Las Vegas Sands’ Macau GGR fell 81% in 2020 to $1.7bn, as MGM’s and Wynn Resorts’ Macau operations saw full-year declines of 78% and 89%. The gambling hub ended the year with its worst gaming revenue since 2010. JP Morgan analysts predict a return to 2019 gaming revenue levels in Q3 2021, while Morgan Stanley forecasts a return to growth in the full-year revenue of 2022.

UK lockdowns clip casino wings

UK Prime Minister Boris Johnson ordered the shuttering of casinos in March 2020, with facilities remaining closed for almost five months after the first lockdown. Constant delays to reopening proved expensive for operators across the country, forcing Genting UK to permanently close down casinos and all live poker rooms.

As the region remains under full lockdown conditions, the Betting and Gaming Council has urged the UK government not to exclude casinos from upcoming reopening plans.

Read the full analysis by Owain Flanders in the VegasSlotsOnline News section.

About Us:

The VegasSlotsOnline News section has become a respected source of gambling news since launching in 2018. With a primary focus on the US and UK markets, we publish daily updates from all corners of the industry, including gambling legislation, casino, poker, sports betting, and iGaming.

Infographic – https://mma.prnewswire.com/media/1442930/VegasSlotsOnline_2020_Infographic.jpg

 

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SOURCE VegasSlotsOnline

2021 McLaren 720S Available at Chicago Exotic Vehicle Dealership

CHICAGO, Feb. 23, 2021 /PRNewswire-PRWeb/ — Exotic vehicles have been a source of excitement for drivers for many years. Popular exotic vehicle brands include Bugatti, Lamborghini, Ferrari and McLaren. Recently, the 2021 McLaren 720S was made available at dealerships across the United States. <a target="_blank"…

CHICAGO, Feb. 23, 2021 /PRNewswire-PRWeb/ — Exotic vehicles have been a source of excitement for drivers for many years. Popular exotic vehicle brands include Bugatti, Lamborghini, Ferrari and McLaren. Recently, the 2021 McLaren 720S was made available at dealerships across the United States. Exotic vehicle fans can purchase or lease the 2021 McLaren 720S at McLaren Chicago.

This exotic vehicle was first released in 2017 as a replacement of the McLaren 650S. Four years later, this model is now available in both coupe and Spyder form with three trim levels. Pricing for the 2021 McLaren 720S starts at $305,000 which is a slight increase from the previous model year. Since the McLaren 720S is still relatively new, many specifications from the 2020 model have been carried over.

The 2021 model is powered by a 4.0-liter V8 engine that produces up to 710 horsepower and 568 lb-ft of torque. This engine helps the McLaren 720S reach a top speed of 212 mph and achieve an acceleration time of 2.7 seconds. The three trim levels offer the option to have access to more color options, convenience features and seating upholstery choices. McLaren fans can learn more about the 2021 McLaren 720S by checking out its model research page on the McLaren Chicago website.

If customers would like to learn more about this model, they can find more information at mclarenchicago.com. Questions can also be directed to the sales team by calling 312-635-6482. McLaren Chicago is located at 645 W. Randolph St. in Chicago.

Media Contact

Josh King, McLaren Chicago, 312-635-6482, josh.king@mclarenchicago.com

 

SOURCE McLaren Chicago

TrueCar Forecasts New Vehicle Retail Sales Flat, Used Retail Sales Down for February 2021

SANTA MONICA, Calif., Feb. 23, 2021 /PRNewswire/ — TrueCar, Inc., the most efficient and transparent way to find a car, projects total new vehicle sales will reach 1,170,856 units in February 2021, down 7.6% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate…

SANTA MONICA, Calif., Feb. 23, 2021 /PRNewswire/ — TrueCar, Inc., the most efficient and transparent way to find a car, projects total new vehicle sales will reach 1,170,856 units in February 2021, down 7.6% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 15.5 million units. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 967,545 units, a decrease of 0.4% from a year ago when adjusted for the same number of selling days. Used vehicle sales for February 2021 are expected to reach 3.5 million, down 4% from a year ago and up 12% from January 2021. 

«New vehicle retail sales are expected to be flat for February, which is a good result given the expansive and prolonged nature of the winter storms throughout many parts of the country, including southern states, which do not typically experience snow storms of this caliber. At this time, many people are thinking about basic necessities, not purchasing their next vehicle. Those consumers are likely deferring their vehicle purchasing to the end of the month or to March,» said Nick Woolard, Lead Industry Analyst at TrueCar.

«We’re seeing fleet recovery slow down significantly year-over-year. February is typically a big month for fleet sales, but the continued reduction in travel by consumer is delaying fleet recovery.  This may be a sign that manufacturers are beginning to triage the ongoing microchip shortage by further pulling back from fleet and reallocating towards retail to help limit inventory shortages,» added Woolard.

«It’s important to call out GM and Toyota, which are both up year-over-year in retail sales as a result of their strong and diversified lineups with in-demand SUVs and trucks. Toyota has doubled down on their hybrid strategy with the RAV4, Highlander, Sienna, and Venza, while GM continues to successfully produce a variety of popular trucks,» said Valeri Tompkins, Senior Vice President, OEM Solutions at TrueCar.  

Average transaction prices (ATP) are projected to be up 6.6% or $2,366 from a year ago and up 1.4% or $518 from January 2021. TrueCar projects that U.S. revenue from new vehicle sales will reach approximately $44 billion for February 2021, down 9.1% (based on a non-adjusted daily selling rate) from a year ago and up 7% from last month.

«As average transaction price continues to increase and inch closer towards the $40,000 mark, incentives continue to trend downward. Based on TrueCar data, incentives are the lowest that we have seen since at least 2017. With inventory still recovering from pandemic related production pauses and the chip shortage threatening to disrupt production again, incentives will stay low until the recovery is met,» added Tompkins.  

Additional Insights (forecast by TrueCar):

  • Total retail sales for February 2021 are expected to be down 0.4% from a year ago and down 1.9% from January 2021 when adjusted for the same number of selling days.
  • Fleet sales for February 2021 are expected to be down 31% from a year ago and up 65% from January 2021 when adjusted for the same number of selling days.
  • Average transaction price is projected to be up 6.6% or $2,366 from a year ago and up 4.5% or $518 from January 2021.
  • Total SAAR is expected to decrease 7.4% from a year ago from 16.7 million units to 15.5 million units.
  • Used vehicle sales for February 2021 are expected to reach 3.5 million, down 12% from a year ago and up 12% from January 2021.
  • The average interest rate on new vehicles is 4.4% and the average interest rate on used vehicles is 8.0%.

February 2021 forecasts for the 13 largest manufacturers by volume. For additional data, visit the TrueCar Newsroom.

Total Unit Sales

Manufacturer

Feb 2021 Forecast

Feb 2020 Actual

Jan 2021 Actual

YoY % Change

YoY % Change (Daily Selling Rate)

MoM % Change

MoM % Change (Daily Selling Rate)

BMW

23,839

27,476

19,740

-13.2%

-6.0%

20.8%

20.8%

Daimler

17,416

26,088

25,268

-33.2%

-27.7%

-31.1%

-31.1%

Ford

158,869

189,561

142,577

-16.2%

-9.2%

11.4%

11.4%

GM

214,265

238,448

201,954

-10.1%

-2.7%

6.1%

6.1%

Honda

100,884

120,006

92,225

-15.9%

-8.9%

9.4%

9.4%

Hyundai

42,436

54,600

46,208

-22.3%

-15.8%

-8.2%

-8.2%

Kia

44,569

52,177

44,965

-14.6%

-7.5%

-0.9%

-0.9%

Nissan

86,810

99,253

71,081

-12.5%

-5.2%

22.1%

22.1%

Stellantis

142,459

183,926

134,406

-22.5%

-16.1%

6.0%

6.0%

Subaru

46,158

51,695

46,400

-10.7%

-3.3%

-0.5%

-0.5%

Tesla

21,981

20,450

24,700

7.5%

16.4%

-11.0%

-11.0%

Toyota

177,461

195,407

167,936

-9.2%

-1.6%

5.7%

5.7%

Volkswagen Group

44,351

50,390

44,953

-12.0%

-4.7%

-1.3%

-1.3%

Industry

1,170,856

1,373,324

1,109,578

-14.7%

-7.6%

5.5%

5.5%

Retail Unit Sales

Manufacturer

Feb 2021 Forecast

Feb 2020 Actual

Jan 2021 Actual

YoY % Change

YoY % Change (Daily Selling Rate)

MoM % Change

MoM % Change (Daily Selling Rate)

BMW

22,861

24,271

19,407

-5.8%

2.0%

17.8%

17.8%

Daimler

17,101

24,513

24,751

-30.2%

-24.4%

-30.9%

-30.9%

Ford

111,916

120,607

116,069

-7.2%

0.5%

-3.6%

-3.6%

GM

164,432

169,235

175,007

-2.8%

5.3%

-6.0%

-6.0%

Honda

100,282

118,802

91,837

-15.6%

-8.6%

9.2%

9.2%

Hyundai

39,248

42,863

43,554

-8.4%

-0.8%

-9.9%

-9.9%

Kia

41,225

45,983

43,292

-10.3%

-2.9%

-4.8%

-4.8%

Nissan

58,715

68,093

58,548

-13.8%

-6.6%

0.3%

0.3%

Stellantis

112,778

117,974

111,096

-4.4%

3.6%

1.5%

1.5%

Subaru

43,604

48,655

44,670

-10.4%

-2.9%

-2.4%

-2.4%

Tesla

21,969

20,450

24,692

7.4%

16.4%

-11.0%

-11.0%

Toyota

155,138

160,981

148,143

-3.6%

4.4%

4.7%

4.7%

Volkswagen Group

42,855

45,272

44,298

-5.3%

2.5%

-3.3%

-3.3%

Industry

967,545

1,052,254

986,522

-8.1%

-0.4%

-1.9%

-1.9%

Fleet Unit Sales

Manufacturer

Feb 2021 Forecast

Feb 2020 Actual

Jan 2021 Actual

YoY % Change

YoY % Change
(Daily Selling Rate)

MoM % Change

MoM % Change (Daily Selling Rate)

BMW

978

3,205

333

-69.5%

-67.0%

193.8%

193.8%

Daimler

315

1,575

517

-80.0%

-78.3%

-39.0%

-39.0%

Ford

46,953

68,954

26,508

-31.9%

-26.2%

77.1%

77.1%

GM

49,833

69,213

26,947

-28.0%

-22.0%

84.9%

84.9%

Honda

602

1,204

388

-50.0%

-45.8%

55.2%

55.2%

Hyundai

3,187

11,737

2,654

-72.8%

-70.6%

20.1%

20.1%

Kia

3,345

6,194

1,673

-46.0%

-41.5%

100.0%

100.0%

Nissan

28,094

31,160

12,533

-9.8%

-2.3%

124.2%

124.2%

Stellantis

29,681

65,952

23,310

-55.0%

-51.2%

27.3%

27.3%

Subaru

2,554

3,040

1,730

-16.0%

-9.0%

47.6%

47.6%

Tesla

12

8

42.5%

42.5%

Toyota

22,323

34,426

19,793

-35.2%

-29.8%

12.8%

12.8%

Volkswagen Group

1,495

5,118

655

-70.8%

-68.3%

128.2%

128.2%

Industry

203,311

321,070

123,056

-36.7%

-31.4%

65.2%

65.2%

Fleet Penetration

Manufacturer

Feb 2021 Forecast

Feb 2020 Actual

Jan 2021 Actual

YoY % Change

MoM % Change

BMW

4.1%

11.7%

1.7%

-64.8%

143.3%

Daimler

1.8%

6.0%

2.0%

-70.0%

-11.6%

Ford

29.6%

36.4%

18.6%

-18.8%

59.0%

GM

23.3%

29.0%

13.3%

-19.9%

74.3%

Honda

0.6%

1.0%

0.4%

-40.5%

41.8%

Hyundai

7.5%

21.5%

5.7%

-65.1%

30.8%

Kia

7.5%

11.9%

3.7%

-36.8%

101.7%

Nissan

32.4%

31.4%

17.6%

3.1%

83.5%

Stellantis

20.8%

35.9%

17.3%

-41.9%

20.1%

Subaru

5.5%

5.9%

3.7%

-5.9%

48.4%

Tesla

0.1%

0.0%

0.0%

60.1%

Toyota

12.6%

17.6%

11.8%

-28.6%

6.7%

Volkswagen Group

3.4%

10.2%

1.5%

-66.8%

131.4%

Industry

17.4%

23.4%

11.1%

-25.7%

56.6%

Total Market Share

Manufacturer

Feb 2021 Forecast

Feb 2020 Actual

Jan 2021 Actual

BMW

2.0%

2.0%

1.8%

Daimler

1.5%

1.9%

2.3%

Ford

13.6%

13.8%

12.8%

GM

18.3%

17.4%

18.2%

Honda

8.6%

8.7%

8.3%

Hyundai

3.6%

4.0%

4.2%

Kia

3.8%

3.8%

4.1%

Nissan

7.4%

7.2%

6.4%

Stellantis

12.2%

13.4%

12.1%

Subaru

3.9%

3.8%

4.2%

Tesla

1.9%

1.5%

2.2%

Toyota

15.2%

14.2%

15.1%

Volkswagen Group

3.8%

3.7%

4.1%

Retail Market Share

Manufacturer

Feb 2021 Forecast

Feb 2020 Actual

Jan 2021 Actual

BMW

2.4%

2.3%

2.0%

Daimler

1.8%

2.3%

2.5%

Ford

11.6%

11.5%

11.8%

GM

17.0%

16.1%

17.7%

Honda

10.4%

11.3%

9.3%

Hyundai

4.1%

4.1%

4.4%

Kia

4.3%

4.4%

4.4%

Nissan

6.1%

6.5%

5.9%

Stellantis

11.7%

11.2%

11.3%

Subaru

4.5%

4.6%

4.5%

Tesla

2.3%

1.9%

2.5%

Toyota

16.0%

15.3%

15.0%

Volkswagen Group

4.4%

4.3%

4.5%

Average Transaction Price (ATP)

Manufacturer

Feb 2021 Forecast

Feb 2020 Actual

Jan 2021 Actual

YOY

MOM

BMW

$59,919

$57,587

$57,922

4.0%

3.4%

Daimler

$62,806

$61,188

$62,387

2.6%

0.7%

Ford

$44,925

$42,465

$43,535

5.8%

3.2%

GM

$42,797

$39,979

$42,045

7.0%

1.8%

Honda

$31,166

$29,398

$31,059

6.0%

0.3%

Hyundai

$31,037

$29,279

$31,073

6.0%

-0.1%

Kia

$28,796

$25,988

$28,233

10.8%

2.0%

Nissan

$30,087

$28,470

$29,304

5.7%

2.7%

Stellantis

$43,903

$40,100

$42,713

9.5%

2.8%

Subaru

$30,701

$30,007

$30,616

2.3%

0.3%

Toyota

$35,135

$33,429

$34,890

5.1%

0.7%

Volkswagen Group

$43,870

$40,286

$43,358

8.9%

1.2%

Industry

$38,075

$35,709

$37,558

6.6%

1.4%

Incentive Spending

Manufacturer

Feb 2021 Forecast

Feb 2020 Actual

Jan 2021 Actual

YOY

MOM

BMW

$4,497

$5,821

$5,177

-22.8%

-13.1%

Daimler

$3,740

$6,246

$4,438

-40.1%

-15.7%

Ford

$3,472

$4,918

$4,441

-29.4%

-21.8%

GM

$4,710

$5,688

$4,944

-17.2%

-4.7%

Honda

$2,290

$2,559

$2,363

-10.5%

-3.1%

Hyundai

$2,205

$3,078

$2,558

-28.4%

-13.8%

Kia

$2,825

$3,686

$2,999

-23.4%

-5.8%

Nissan

$3,543

$4,749

$4,510

-25.4%

-21.4%

Stellantis

$4,186

$5,093

$4,642

-17.8%

-9.8%

Subaru

$1,401

$1,244

$1,505

12.6%

-6.9%

Toyota

$2,363

$2,649

$2,616

-10.8%

-9.7%

Volkswagen Group

$3,113

$4,435

$4,153

-29.8%

-25.1%

Industry

$3,356

$4,177

$3,787

-19.7%

-11.4%

Incentives as a Percentage of Average Transaction Price (ATP)

Manufacturer

Feb 2021 Forecast

Feb 2020 Actual

Jan 2021 Actual

YOY

MOM

BMW

7.5%

10.1%

8.9%

-25.8%

-16.0%

Daimler

6.0%

10.2%

7.1%

-41.7%

-16.3%

Ford

7.7%

11.6%

10.2%

-33.3%

-24.3%

GM

11.0%

14.2%

11.8%

-22.6%

-6.4%

Honda

7.3%

8.7%

7.6%

-15.6%

-3.4%

Hyundai

7.1%

10.5%

8.2%

-32.4%

-13.7%

Kia

9.8%

14.2%

10.6%

-30.8%

-7.6%

Nissan

11.8%

16.7%

15.4%

-29.4%

-23.5%

Stellantis

9.5%

12.7%

10.9%

-24.9%

-12.3%

Subaru

4.6%

4.1%

4.9%

10.0%

-7.2%

Toyota

6.7%

7.9%

7.5%

-15.1%

-10.3%

Volkswagen Group

7.1%

11.0%

9.6%

-35.5%

-25.9%

Industry

8.8%

11.7%

10.1%

-24.6%

-12.6%

(Note: This forecast is based solely on TrueCar, Inc.’s analysis of industry sales trends and conditions and is not a projection of TrueCar, Inc.’s operations.)

About TrueCar

TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry’s most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings, and market context on new and used cars – all with a clear view of what’s a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency, and fairness are the foundation of a great car buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including AARP, Sam’s Club, and American Express. Nearly half of all new-car buyers engage with TrueCar powered sites, where they buy smarter and drive happier. TrueCar is headquartered in Santa Monica, California, with offices in Austin, Texas, and Boston, Massachusetts.

For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pr@truecar.com 

TrueCar PR Contacts:
Shadee Malekafzali
shadee@truecar.com 
424.258.8694

Tanya Kohan
tkohan@truecar.com 
714.425.6319

 

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SOURCE TrueCar, Inc.

MTI Instruments’ PBS-4100+ Series Training Now Eligible for Credit Under William (Bill) O’Brien Aviation Maintenance Technician (AMT) Awards Program

ALBANY, N.Y., Feb. 23, 2021 /PRNewswire/ — MTI Instruments, Inc. (MTI Instruments), a wholly-owned subsidiary of Mechanical Technology, Incorporated (OTCQB:MKTY), today announced that its training course on the PBS-4100+ engine vibration measurement and balancing system is now credit-eligible under the Federal Aviation Administration’s (FAA’s) William (Bill) O’Brien Aviation Maintenance Technician (AMT) Awards Program.

With the new credit designation, MTI Instrument’s course, «Vibration…

ALBANY, N.Y., Feb. 23, 2021 /PRNewswire/ — MTI Instruments, Inc. (MTI Instruments), a wholly-owned subsidiary of Mechanical Technology, Incorporated (OTCQB:MKTY), today announced that its training course on the PBS-4100+ engine vibration measurement and balancing system is now credit-eligible under the Federal Aviation Administration’s (FAA’s) William (Bill) O’Brien Aviation Maintenance Technician (AMT) Awards Program.

With the new credit designation, MTI Instrument’s course, «Vibration Analysis and Engine Balancing Using the PBS-4100 System,» can earn an eligible individual up to 16 hours of credit towards AMT Awards issued through the FAA Safety Team continuous training program. With the completion of MTI’s course requirement, plus the core course (required through the AMT Awards program), the participating individual can earn Bronze Award level recognition. Continuous participation in the AMT Awards program for regulatory, airworthiness and safety awareness training reinforces a high level of professionalism and safety within the industry to maintain proficiency. 

«MTI Instruments’ conviction to the importance of training and skill development has resulted in the acceptance of our coursework for the FAA Safety continuous training program,» said Moshe Binyamin, President of MTI Instruments. «The FAA’s recognition of this important training on the PBS-4100+ series is truly encouraging, especially for our aviation customers. Aviation maintenance technicians proactively developing their knowledge in this technology benefits the industry as a whole.»

As a U.S. manufacturer, MTI Instruments’ products are designed, manufactured and supported in Albany, New York. Designed to swiftly pinpoint engine vibration problems and eliminate avoidable engine removals, the PBS-4100+ series are known for providing critical diagnostic tools to analyze and resolve engine vibration to assure maximum engine uptime and safety. The configuration and the intuitive user interface make the PBS-4100+ product line easy to use, while the built-in rapid diagnostics and traceability reporting help aviation customers reduce labor hours and minimize engine downtime by reducing maintenance needs.

MTI Instruments’ training program, which is held at customer facilities, emphasizes hands-on learning with the customers’ equipment.

«The objective for pursuing ongoing training on MTI Instruments is to ensure our customers, both military and commercial, are competent and confident with engine vibration measurement and engine balancing operations,» said Ken Ameika, Global Director of PBS Products of MTI Instruments. «With proper training, a post maintenance engine vibration test should be reduced to two hours or less; versus manual methods which require several hours of effort and thousands of pounds’ worth of fuel.»

The PBS-4100+ course is offered throughout the calendar year. For registration, contact MTI Instruments Support Team (518-218-2567) at support@mtiinstruments.com.

Through the William (Bill) O’Brien Awards Program, named after the late Bill O’Brien, a former FAA National Resource Specialist, co-founder of the original AMT Awards Program, the FAA recognizes eligible aviation maintenance-related career individuals and employers by issuing awards to those who receive, promote or foster initial and recurrent training. To learn more about the William (Bill) O’Brien AMT Awards Program and eligibility to participate in the program, please visit: www.FAASafety.gov.

About MTI Instruments

Based in Albany, New York, MTI Instruments, Inc., a wholly-owned subsidiary of Mechanical Technology, Incorporated, is a global leader in non-contact measurement tools and condition-based monitoring systems with a growing customer base spanning more than 60 countries. MTI Instruments has a rich history in innovation for developing and manufacturing sensors and systems to help clients secure the highest level of accurate measurements in order to drive innovation, identify efficiencies and increase competitiveness. MTI Instruments provides comprehensive solutions to better address challenges and applications within numerous industries, including industrial manufacturing, consumer electronics, semiconductor, solar, commercial and military aviation, automotive, transportation and R&D. For more information, please visit: MTIInstruments.com.

Media Contact:
Chris Colton
P: 518.618.1177
E: ccolton@martingroupmarketing.com 

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SOURCE MTI Instruments

Wyndham Launches La Quinta Brand in the Middle East with New Hotel in Historic Area of Dubai

PARSIPPANY, N.J., Feb. 23, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company by number of properties with over 8,900 hotels across nearly 95 countries, today announced the debut of its La Quinta by Wyndham brand in the Middle…

PARSIPPANY, N.J., Feb. 23, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company by number of properties with over 8,900 hotels across nearly 95 countries, today announced the debut of its La Quinta by Wyndham brand in the Middle East with a new 100-room property in Dubai. Expected to open in March 2021, La Quinta by Wyndham Dubai Bur Dubai will be centrally located in the historic Bur Dubai district.  

Wyndham continues to expand the La Quinta brand – a leading upper-midscale brand with nearly 940 hotels offering contemporary design, thoughtful amenities and friendly service – throughout the world. This hotel marks the 75th La Quinta property to open since Wyndham acquired the brand in 2018.  La Quinta has now expanded to nine countries: Canada, Chile, Colombia, Honduras, Mexico, Turkey, New Zealand, the United Arab Emirates, and the United States. The brand has also announced plans to open eight new La Quinta hotels in the Dominican Republic.

The new Dubai property is located in one of the city’s bustling commercial hubs offering easy access to leisure attractions, including the Dubai Cruise Terminal at Port Rashid, The Dubai Mall, the Dubai Frame and Jumeirah Mosque, as well as business hotspots such as the Dubai World Trade Centre and the city’s financial district. The newly refurbished hotel will boast contemporary guest rooms and elegant interiors, combining Dubai’s traditional trading colors with a modern twist that replicates the city’s lively scene. La Quinta by Wyndham Dubai Bur Dubai will also offer a 100-square metre event and meeting space and a host of additional amenities, including an outdoor pool with pool deck, a spacious spa with sauna and steam room, and a modern fitness centre. Other features will include all-day dining, a lounge, coffee shop, 24/7 room service, and speciality restaurants serving Indian delicacies and international menus. A 24-hour business centre, children’s play area and pool, dedicated retail space, ample parking, and a local shuttle add to the hotel’s positioning as ideal for business or leisure.

Dimitris Manikis, President Europe, Middle East, Eurasia and Africa (EMEA), Wyndham Hotels & Resorts, said: «We are on a strong growth trajectory for La Quinta by Wyndham, and this latest addition further highlights our commitment to expand the brand in EMEA and around the world. Dubai is one of the most sought out destinations for travelers from all corners of the globe, making it the ideal location to launch La Quinta in the market. This property perfectly complements our portfolio of over 60 hotels in the Middle East and Africa and we look forward continuing to grow our robust pipeline in the region.»

Wyndham hotels in the Middle East and around the world participate in Wyndham Rewards®, the world’s most generous hotel rewards programme with more than 30,000 hotels, vacation club resorts and vacation rentals worldwide.

About La Quinta by Wyndham 
With nearly 940 destinations globally, the La Quinta by Wyndham brand is a bright spot in every traveller’s journey. The brand offers thoughtful amenities, friendly service, and consistently delivers an exceptional guest experience that keeps travelers waking up on the bright side. For more information, visit www.lq.com. Like and follow LQ on Facebook and YouTube. If you are interested in developing a hotel, please visit https://whrdevelopmentemea.com/.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across nearly 95 countries on six continents. Through its network of approximately 796,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers 86 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally.  For more information, visit www.wyndhamhotels.com.

Contacts
Silvia de Candia
Wyndham Hotels & Resorts
+44 796 63 88 208
silvia.decandia@wyndham.com

Scott Carman
Wyndham Hotels & Resorts
+1 (973) 753-6590
scott.carman@wyndham.com

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SOURCE Wyndham Hotels & Resorts

US Sports Camps Announces the Launch of their 2021 NIKE Football Camps

SAN RAFAEL, Calif., Feb. 23, 2021 /PRNewswire-PRWeb/ — NIKE Football Camps offer three different categories of camps to choose from across the U.S. – NIKE Contact Football Camps, <a target="_blank"…

SAN RAFAEL, Calif., Feb. 23, 2021 /PRNewswire-PRWeb/ — NIKE Football Camps offer three different categories of camps to choose from across the U.S. – NIKE Contact Football Camps, NIKE Flag Football Camps, and NIKE Skills Football Camps. These three styles of football camp allow athletes of every level and age the opportunity to work on both sides of the ball – learning and honing their defensive and offensive skills while choosing a program that fits their desires and goals.

«We are excited to be able to bring the NIKE Football Camps to young athletes across the country this summer,» says Michael de Surville, Senior VP and National Director at US Sports Camps. «It is our hope to provide quality football instruction in a fun and competitive setting while creating lasting memories and greater passion for the sport. Led by an experienced staff of College and High School coaches, campers will gain a greater understanding of the game, refinement of their skills, and have fun and learn valuable lessons on topics like sportsmanship and nutrition.»

Nike Contact Football Camps offer both youth and high school football camps featuring position specific drills and scrimmages with a staff of college coaches and current and former college players. Nike Flag Football Camps focus on position specific training for youth football players in a fun, controlled, and safe training environment. Concussion safety is addressed and applied during all instruction and games with an emphasis on sportsmanship and healthy competition. NIKE Skills Football Camps are non-contact skills training programs as well as position specific camps for quarterbacks, wide receivers, defensive backs, and linemen, along with general skills training.

Camp offerings are for players of all abilities, ages 6-18, and vary from Overnight, Day and Half programs. NIKE Flag Football Camps for Girls will also be offered at most locations across the country.

Players, Coaches, Parents and others interested in these camps can visit NIKE Football camps or call (800) 645-3226.

About US Sports Camps

US Sports Camps (USSC), headquartered in San Rafael, California, is America’s largest sports camp network and the licensed operator of Nike Sports Camps. The company has offered summer camps since 1975 with the same mission that defines it today: to shape a lifelong enjoyment of athletics through high quality sports education and skill enhancement.

Media Contact

Mike de Surville, US Sports Camps Inc., 1-800-645-3226, mdesurville@ussportscamps.com

Twitter

 

SOURCE US Sports Camps Inc.

Mazda Dealership Offers Advice for Texans on Driving in Snow

MESQUITE, Texas, Feb. 23, 2021 /PRNewswire-PRWeb/ — Currently, Texas is experiencing snowfall that hasn’t been seen for many years. While some counties see some snow every year, this is the first time all 254 counties have seen snow in 126 years. For many Texans, this is the first time that they are experiencing snow. However, this means that driving in snow is a foreign experience. Metro Mazda of Mesquite encourages its customers to…

MESQUITE, Texas, Feb. 23, 2021 /PRNewswire-PRWeb/ — Currently, Texas is experiencing snowfall that hasn’t been seen for many years. While some counties see some snow every year, this is the first time all 254 counties have seen snow in 126 years. For many Texans, this is the first time that they are experiencing snow. However, this means that driving in snow is a foreign experience. Metro Mazda of Mesquite encourages its customers to check out their blog about driving in snow.

This blog piece provides tips for safely navigating the snow covered roads across the state. These tips include driving slowly, how to regain control and navigating with different drivetrains. While there are many rules to follow when driving in snow, the Metro Mazda of Mesquite team wanted to focus on the tips that are most helpful for drivers who have never experienced snow.

If any customers in the Mesquite, Texas, area have experienced any collisions due to snow, they can visit the Metro Mazda of Mesquite service center for repairs. Although the dealership specializes in Mazda models, the technicians are trained to service any make or model. Car owners can also visit the parts store to make driving in the snow easier.

For more information, drivers can visit metromazdamesquite.com. Any questions about services or the blog can be answered by calling 833-320-1240. Metro Mazda of Mesquite is open Monday through Saturday from 9 a.m. to 7 p.m. The dealership is located at 15900 Lyndon B Johnson Freeway in Mesquite.

Media Contact

Emily Tedesco, Metro Mazda of Mesquite, 972-686-6200, etedesco@metromazdamesquite.com

 

SOURCE Metro Mazda of Mesquite

Fontana Car Dealership Offers New Mazda Digital Service

FONTANA, Calif., Feb. 23, 2021 /PRNewswire-PRWeb/ — The COVID-19 virus has changed how many businesses provide services. Businesses started to offer delivery, online shopping and many other convenient services. Fontana Mazda recently added a new convenient service to its website. The <a target="_blank"…

FONTANA, Calif., Feb. 23, 2021 /PRNewswire-PRWeb/ — The COVID-19 virus has changed how many businesses provide services. Businesses started to offer delivery, online shopping and many other convenient services. Fontana Mazda recently added a new convenient service to its website. The Mazda Digital Service allows customers to make servicing their vehicle much easier by having everything available through their smartphone.

Mazda drivers can now book appointments, make payments and stay informed on service appointments. When a customer brings their vehicle into the Fontana Mazda service center, a Mazda Service Professional will send a walkaround video of a multipoint inspection. This allows the vehicle owner to see which parts need to be replaced or fixed. These videos can be sent to the customer through email or text for future reference.

This digital service also comes with status updates so that clients know when their Mazda model is ready to be picked up from the service center. Payment for services can also be made ahead of time through mobile payments. Customers will be able to see how much a service will cost before the appointment to help save time. Service appointments can also be scheduled online through this service.

If any interested vehicle owners would like to learn more about this service, they can find more information at fontanamazda.com. Questions can be directed to the service team by calling 833-805-2735. The Fontana Mazda service center is open Monday through Friday from 7 a.m. to 5 p.m. and on Saturday from 7 a.m. to 3 p.m. Clients can find the dealership at 16800 S. Highland Ave. in Fontana.

Media Contact

Shawn Wade, Fontana Mazda, 909-550-5100, swade@fontanamazda.com

 

SOURCE Fontana Mazda